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Enter Symbol
or Name
USA
CA



Robix Alternative Fuels Inc
Symbol RZX
Shares Issued 6,379,766
Close 2014-06-02 C$ 0.50
Market Cap C$ 3,189,883
Recent Sedar Documents

ORIGINAL: Robix appoints Carson to board, issues shares for debt

2014-06-02 21:25 ET - News Release

Received by email:

File: ROBIX - Press Release June 2014 changes to the board of directors and shares for debt.docx


NEWS RELEASE
ROBIX ANNOUNCES ELECTION OF NEW MEMBER OF THE BOARD OF DIRECTORS AND  SHARES FOR DEBT PRIVATE PLACEMENT
June 2, 2014 - Lethbridge, AB:   Robix Alternative Fuels Inc. ("Robix" or the "Corporation") (RZX:CSE and R0X:Frankfur
--->t) announced today the election of Richard Carson as a new director of Robix at the Annual General and Special Meeting
---> of Shareholders held on May 30, 2014.  Mr. Hansen, the current President & CEO of Robix commented, "The Board of Dire
--->ctors of Robix welcomes Rick Carson to the Board of Directors.  His expertise in the marine industry is very key to th
--->e growth of the Corporation.  It is a natural step in the development of Robix going forward".
Robix also announced today that it settled outstanding indebtedness of $198,198 through the issuance of 539,314 common
---> shares of the Corporation at a deemed price of $0.3675 per common share (the "Debt Settlement").  The common shares i
--->ssued in connection with the Debt Settlement are subject to a four month hold period that expires on October 3, 2014
About Robix:
The Corporation is an "industrial products/technology" company, offering to investors a unique opportunity to particip
--->ate in a leading company in the business of ownership of patents, and their development from commercialization to worl
--->dwide expansion through various business arrangements.   Robix owns a Clean Ocean Vessel ("COV") patent, which is an o
--->il spill recovery vessel design with the capability to recover oil in rough and debris laden sea conditions. Robix has
---> recognized a worldwide market opportunity for effective containment, recovery and disposal equipment, particularly in
---> the oil spill protection industry, and it proposes to develop a business model as a service provider, and/or equipmen
--->t provider under licensing agreements with other industry participants, wherein Robix will use its COV patented design
---> solution.
For more information please contact:
Robix Alternative Fuels Inc. 		 Website: www.robixfuels.com 
Nathan Hansen			or	Robin Ray
President & CEO			Chief Financial Officer
Tel: 250-683-8957			Tel: 403-327-3094
Email: nathan@robixfuels.com 		Email: robin@robixfuels.com

No stock exchange or any securities regulatory body has reviewed the contents of this news release.
This news release may contain certain forward-looking information. All statements included herein, other than statemen
--->ts of historical fact, are forward-looking information and such information involves various risks and uncertainties. 
--->There can be no assurance that such information will prove to be accurate, and actual results and future events could 
--->differ materially from those anticipated in such information. A description of assumptions used to develop such forwar
--->d-looking information and a description of risk factors that may cause actual results to differ materially from forwar
--->d-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The co
--->mpany does not undertake to update any forward-looking information except in accordance with applicable securities law
--->s.



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